A Life insurance policy is only as good as the company that backs it. You want to know for certain that the company that issues your policy will be around to service it and eventually pay the death claim. To help you discern the strongest companies, there are several ratings agencies that rate insurance companies on the quality of their fiscal fitness, quality of investments, and overall financial soundness. A credit rating represents an independent assessment of the insurer’s ability to pay its claims on time and meet all its other financial obligations, the bottom line for any life insurance company.

Each agency has slightly different criteria and looking at different ratings for one company will give you a good overview of the company’s financial strength.